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04.11 - 22:36
S&P 500 rises as strong earnings reports boost sentiment
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cnbc.comU.S. stock indexes gained on Tuesday as major companies continued to report strong third-quarter earnings, easing concerns that persistent Covid cases and rising costs would derail corporate America's profit recovery.
The S&P 500 added 0.5%. The Dow Jones Industrial Average gained about 130 points, or 0.4%. The Nasdaq Composite advanced 0.4%.
The Dow and the S&P 500 sit less than 1% from all-time highs.
Dow member Travelers saw its shares gain more than 2% after the insurance company's quarterly earnings report topped expectations.
Johnson & Johnson also beat third-quarter earnings expectations by 25 cents per share. The health care stock ticked up around 2%.
Procter & Gamble continued the bullish trend with better-than-expected earnings,
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